We’ll finance your idea.
Each year we select 5 or 6 startups for an intensive acceleration program.
We invest up to €200,000 per startup.


Series A

We’ll lead your round.
If there is a match, we prefer to be the first institutional investor in your startup.
We invest up to €3.5 million per startup.

Contact us

We invest in innovative companiesTechnology and IP- driven businesses

Enterprise Technology

It is now possible to start a company valued at $1BN from your garage, with no assets and basically no employees. And this company may serve the giants of the corporate world.
We are interested in: cloud, blockchain, electric vehicles, NPL, big data, AI, ML, advertising, professional services, APIs, agritech, fintech, cybersecurity.

Consumer Technology

In 2020, more than 66% of all people will have online access. That’s an additional 3 billion people that will get access to the internet in the next 3 years, raising the total number of connected population to 5.5 billion.
We are interested in: mobile, marketplaces, the gig economy, e-learning, social platforms, gaming and e-sports, consumer services, adtech, VR, AR, AI.

Hardware & Electronics

Operational costs, fabrication equipment, prototyping, tooling and far-flung production plants are things of the past. Mass customization, wide access to prototyping and cheap marketing channels open the world for makers to turn their passion into a business.
We are interested in: 3D printing, IOT, consumer electronics, hardware and robotics, manufacturing.


Technology is and will be more and more deeply embedded in life. It makes everything easier, cheaper and better.
We are in early-stage venture capital in Romania – we are interested in all sorts of IP-driven businesses in patentable design (fashion, object, industrial), branding, franchises, disaster prevention and resilience, food, shelter, new materials.

How we helpAll of what you need—none of what you don’t


To investors and partners in Europe and  US

Talent & Retention

Build and retain a dream team

Business Development

Build the right partnerships

Go to market

Promote and grow your brand

Operations Strategy

Legal, financial and real estate support


Join our international community and events

Our Partners

We value

proven commitment over written CVs, international ambition versus local self-sufficiency and sharing over secrecy.

We believe

in Focus and Intensity:
Focus is when you do one single thing; Intensity is when you do it 16 hours a day.

We welcome

founders of all genders, races, orientations and nationalities as long as their companies are based in Romania.

We know

that there are too few women in tech today. We make a mission out of supporting and investing in female founders.

Introduce yourself

A few words of advice to make the most of meeting us:

  • Bring a deck – not a business plan. Ideally, include a demo.
  • This is early stage investment – your financial projections are mere fantasies; don’t waste time on that. We'll figure it out together.
  • The dress code is smart casual – don’t wear shorts, but don’t come overdressed either (unless this is the only way you feel comfortable).
  • You have 30 minutes – save at least 5 for feedback.
  • If you book a meeting with us, please come prepared. The easiest way to prepare yourself is to read Venture Deals by Feld and Mendelson. This will prove useful to you in the long run and will save us time explaining basic stuff.

Investment TeamPlease, contact the appropriate investment team member

Managing Partner

Cristian Munteanu

Deep tech, Blockchain, Electric Vehicles, Smart cities, AI, APIs, Travel tech, Gaming and E-Sports

Radu Stoicoviciu

Enterprise Software, Fintech, Agritech, Professional Services, IP-Driven Models

Dan Călugăreanu

Consumer Services, E-commerce, Mobile, Marketplaces, HR, E-learning, AR, VR, Adtech, Cybersecurity, IOT, Hardware & Robotics, 3D Printing

BlogNews about us, our portfolio companies, the industries we're interested in and the world at large

BookVitals raises €475,000 — Early Game Ventures led the round

Bucharest, July 26, 2019 BookVitals (, the application dedicated to non-fiction literature readers, received an investment of 475,000 euro. Early Game Ventures led the round with the participation of a group of angel investors. The law firm DLA Piper Dinu provided the legal assistance of the transaction. BookVitals proposes a generous idea: remember what you…

Why we invested in Watto

Future of transportation Early Game Ventures invested in Watto, the company building a network of ultra-fast charging stations for electric vehicles in Central and Southern Europe. We plan to follow up on our investment and grow Watto into a technological backbone of the new electro-mobility industry — a perfect illustration of our Infrastructure for innovation thesis. What we see now happening…

Why we invested in SymphoPay

Future of payments I am proud to announce Early Game Venture’s investment in SymphoPay, the middleware platform that adds marketing capabilities and analytics to all existing POS devices turning them into actual computers. Here is how we think of the future of payments and why we led SymphoPay’s €650,000 ($750,000) seed round. Technology is reshaping both retail…

10 startup predictions for 2019 in Romania

An early-stage investor’s perspective on what will happen on the tech stage in Romania this year Several factors are working together towards creating a favorable context for launching a startup in Romania. Firstly, is the recent abundance of VC and PE money: four funds launched in ‘17 and ‘18 and another one or two are…

What is “Quality of revenue”

Not all revenue is good (enough) revenue I start today a series of articles trying to elaborate on concepts that are less understood in the local market. Examples of such concepts are “quality of revenue”, “venture returns”, “vested interests”. Hope this will help founders be better prepared to close their rounds and investors better assess their…

Investment thesis: Infrastructure for innovation

The systemic “chicken and egg problem” in emerging markets and the role of a VC in building future ecosystems. The root of all evil Vicious cycles are endemic in emerging ecosystems — they are the byproduct of systemic deficiencies and make it difficult or even impossible for the emerging ecosystem to grow and develop. Example of…